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A commenter notes that my ideas on stimulus sound a lot like Greg Mankiw’s. This shouldn’t be odd as Greg and I have very similar view on how the economy works.
We have different views on underlying social morality, but that’s the point. From an intellectual perspective whether you think there should be more or less redistribution should have no bearing on whether you think stimulus is effective in closing the output gap and whether or not you think broad based tax cuts are the fastest and most effective way to get there.
